NYSE:MPLXOil and Gas
Does Jenkins’ MPLX (MPLX) Downgrade Recast the Narrative Around Its Delaware Basin Gas Pivot?
Earlier this month, Raymond James analyst Justin Jenkins downgraded MPLX LP to Market Perform from Outperform as part of a broader midstream sector reassessment, following the partnership’s recent acquisitions and asset sales.
The moves to buy a sour gas-treating business in the Delaware Basin, consolidate ownership of the BANGL pipeline, and sell noncore Rockies assets highlight MPLX’s effort to reshape its portfolio around gas infrastructure and cash flow resilience.
We’ll now examine how...